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Ship Chandler In The Uae For Sale

Sharjah

Asking Price:

$13,614,700(USD)

Sales Revenue:

Over $5M(USD)

Cash Flow:

Over $2.5M(USD)

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The company, offered for sale, is one of the leading Ship Chandlers in GCC and has been successfully operating in the UAE’s shipping industry for more than 30 years. It is worth noting that the company is an approved by International Ship Supplies Asso-ciation (ISSA) and International Marine Purchasing Association (IMPA). Also company has received the ISO certificate.
The company has tied up with most of the leading shipping agencies in Dubai, Khorfakkan and Fujairah, to supply ships anchored at port or at rendezvous points on the high seas. All carried out with evident professionalism and ease, appreciated and commended by its many customers. A result of dedicated and committed attention to quality service in the Gulf is the presence for almost 30 years.
The goods supplied by the company:
- Food products: fish, meat, fruit and vegetables, bread, dairy etc.
- Technical Stores: engine and machine spares; cabin stores; deck stores; marine chemicals welding machines; refrigerants, deck & engine stores.
- British Admiralty Charts and Publications: charts issued correct up to date of dispatch and latest editions of all publications and Admiralty Notices to Mariners. There are country flags, alphabet, numeral for pennants for sale and many others.
- Household products: cleaning supplies, cookware and other.
- Specialized items: all kinds of marine chemicals; marine paints and varnishes of all types and brands; any brand of marine oils as per the requirement.
Company’s services:
- Transportation: transportation of chemicals & dangerous goods; small packages to 30 tons loads.
- Customs Clearing & Forwarding: transportation of spares in accordance with customs, UK & EU regulations; customs clearing forwarding and others worldwide ser-vices.
- Storage facilities: storage and delivery of a full range of fresh, frozen and dry provisions.
- Safety, Pyrotechnic, Medical Life-raft Services.
The company owns its fleet of freezer trucks, delivery trucks, vans & cars.
Details:
1. Location of head office: Sharjah, UAE.
The company also has:
- 2 liaison offices;
- warehouse facilities which located in Sharjah include cold storage facility. Ca-pacity: 100 tons of meat and 25 tons of chiller supplies.
2. License activities: Ships & Vessels Supply; Shipping & Clearing Agents.
3. Employees: 70
4. Assets of the company were estimated in amount of AED 28,139,213 ($7,662,150) in 2014, including current assets: AED 26,260,934 ($7,150,700).
5. Revenue for 3 years:
- 2012: AED 39,717,134 ($10,822,100);
- 2013: AED 44,413,239 ($12,101,400);
- 2014: AED 49,944,304 ($13,608,800).
Conclusion:
Selling price: AED 50,000,000 ($13,614,700)
The purchase price of the company includes:
1) functioning business with a stable income;
2) running license;
3) company’s assets;
4) equipped head office; 2 liaison offices and warehouse facilities;
5) staffed by personnel;
6) customer database;
7) adjusted work process;
8) legal support of the deal.
We should mention that assets of the company are in total more than 50% of sell-ing price.
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